Hyperinflation Making Preserving Wealth Uphill Battle
Released
on: January 12, 2010, 2:41 am
Author:
Nabers Group
Industry: Financial
Financial Experts Predicting Rapid Dollar Devaluation
in a Coming Burst of the "Dollar Bubble"
Denver, Colorado January 12, 2010 – Many news commentators are echoing the same
resounding assurance: the recession is over. But not everyone sees it this way.
Who’s right? Just look at the facts.
While Wall Street, thanks to the help of the Federal Reserve, rallied for a big
end-of-the-year win, at least for top executives, they’re getting big bonuses while
Main Street investors suffer. Rising unemployment figures, increased foreclosures
and a loss of wealth continue to plague the average Joe.
Times Magazine named Chairman of the Federal Reserve Ben Bernanke, “Person of the
Year” for 2009. The National Inflation Association, a grassroots group that warns
people of the dangers of hyperinflation, named him “Villain of the Year.”
The Fed’s policies have made the value of the US dollar artificially high and before
long the dollar bubble is bound to burst, leading to hyperinflation with prices of
consumer goods rising sharply. According to Phoebe Chongchua of the Denver-based
Nabers Group, the U.S. is already beginning to experience this kind of runaway
inflation.
Nabers Group has issued a warning to U.S. consumers on its blog about the impending
devaluation of the U.S. Dollar's value in a period of hyperinflation.
"Hyperinflation can really be thought of as a silent tax, especially if
artificially created by U.S. monetary policy. If the dollars you have today can
purchase a fruit punch, a sandwich and a bag of chips but that same money in the
future can only purchase the fruit punch, then your money has been devalued—you have
lost purchasing power. Ultimately it's the average middle class consumer who ends
up getting the short end of the stick," says Chongchua.
For most people, the major concern is how to preserve their dwindling wealth. CEO
Jeff Nabers, encourages clients to diversify their portfolios using an exceptionally
flexible investment vehicle known as the Solo 401k.
“The Solo 401k is designed specifically for a business owner who has no full-time
employees. One of the most powerful benefits of the Solo 401k is the plan's
participant loan feature, which offers a tax-favorable alternative to withdrawing
money from a retirement plan as a distribution,” says Nabers.
Preserving your wealth doesn’t have to be an uphill battle even as we head into
rising inflation and the devaluing of the dollar if people act now to protect their
wealth.
About Nabers Group:
Jeff Nabers has been highly sought after for his financial expertise for several
years by countless organizations, including Entrepreneur Magazine, the Los Angeles
Times, and Pensco Trust to name a few. As the founding member of the IRA
Association of America, he brings integrity back to the business of investing.
Nabers Group (www.Nabers.com) is available to consult with individuals regarding
their savings plan, with answers about all aspects of Self Directed IRA and Solo
401k Planning. Those seeking more information on investing their retirement
accounts in a Roth or Conventional IRA may contact Nabers Group at
http://jeffnabers.com, where there is an abundance of information on investing and
finances.
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